Sunday, 10 Sep 2023
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By Azhar Razak
Sri Lanka’s business community last week expressed optimism that the Budget 2019 to be presented in Parliament on November 5, would bear the key elements of practicality, progressivity and policy consistency with a view to unlock the island’s growth potential.
Underscoring key expectations, Deputy President of the National Chamber of Commerce of Sri Lanka (NCCSL), Nandika...
The pressure on Sri Lanka’s currency is expected to abate with the anticipated receipt of US$ 1 billion through a syndicated loan from the China Development Bank (CDB) this week followed by projected inflows of another US$ 1.5 billion in the coming months boosting reserves, a top Central Bank official told the Sunday Observer yesterday.
According to Central Bank Governor...
The Ministry of Finance yesterday pulled the brakes on non-essential on imports to ease pressure on the falling rupee, but in an unprecedented move, announced that the host of temporary spending cuts would directly impact lawmakers as well as state sector employees and the public.
From today, September 30, the importation of vehicles through permits issued to MPs has been...
Era of investing in ‘pump and dump’ stocks and unlisted companies is over, assures Governor Coomaraswamy :
Central Bank Governor Dr. Indrajit Coomaraswamy has assured that the re-entry of Sri Lanka’s largest social security scheme, the Employees Provident Fund (EPF) into the Colombo Stock Exchange (CSE) will only be under a clean slate with proper checks and balances.
“We...
Sri Lanka’s aviation sector analysts last week called on policymakers to adopt a competitive market-based pricing policy on aviation fuel given that steep prices quoted by the state-run Ceylon Petroleum Corporation (CPC) is adversely affecting the national carrier whilst driving away foreign airlines. Speculating that CPC could be maintaining a higher margin on aviation...
By Azhar Razak
The President Maithripala Sirisena has given instructions to Minister Lakshman Kiriella to reconstitute the boards of the Bank of...
Sri Lanka Customs, one of the oldest Customs administrations in the world, is planning to adopt paperless trade by the end of...
In a major initiative that will vastly improve the country’s logistics sector, the Sri Lanka Ports Authority (SLPA) plans to...
Central Bank Governor Dr. Indrajit Coomaraswamy last week commended the Finance Ministry for introducing import restrictions on...
SriLankan Airlines has topped the list of the world’s most punctual airlines in key categories of ‘Global Airlines’ and ‘Major...
Central Bank Governor Dr. Indrajit Coomaraswamy last week commended the Finance Ministry for introducing import restrictions on...
Blockchain, a disruptive technology that will fundamentally change banking as well as many other industries will be in the...
Explains three key exogenous reasons for current predicament, enlightens on how wrong economic policies in the past that led to...
Senior Deputy Governor of the Central Bank, Dr. P. Nandalal Weerasinghe last week strongly refuted the notion that the...
Minister of Development Strategies and International Trade, Malik Samarawickrama last week defiantly countered criticism from a...
Amidst the recent hike in domestic fuel prices, Sri Lanka’s current retail prices are comparatively lower than many regional...
Sri Lanka is aiming to leverage the recently signed Free Trade Agreement (FTA) with Singapore and the potential trade agreement...
Sri Lanka has no reason to be wary of increased investments from China as part of its Belt and Road Initiative (BRI) since the...
Sri Lanka’s top business leader, Dr. Hans Wijayasuriya on Friday called on the Government to capitalise on Sri Lanka’s high...
Any moves to renegotiate, renege or leave the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) will have major adverse...
As Sri Lanka’s current model of relying on debt-creating foreign inflows to fund investment is unsustainable, there is a definite...
Sri Lanka is protected by international treaties and regulations to control cross boundary movement of waste, and hence, there...
The first ‘Enterprise Sri Lanka’ exhibition held in Moneragala last week was a resounding success with a large number of people...
The prices of 10 expensive cancer drugs, 13 other varieties of essential pharmaceutical drugs as well as two medical devices were...
The government has created over 460,000 jobs and helped over 260,000 families to secure a home while putting in place many of the...
The phenomenon of an appreciation of the US Dollar has not been unique to Sri Lanka but has affected virtually every major...
In a bid to take the culture of entrepreneurship to the rural villages, improve livelihoods and usher in prosperity, the...
The government is planning to ascertain the capability of using Japanese Yen, Chinese Renminbi and Euro to access international...
Consultations with stakeholders on contentious issue of service sector liberalisation next week:The ongoing negotiations on...
Amidst rising diplomatic tensions between Iran and the United States and mounting worries over oil supplies, the Government last...
The planned Public Service Commission (PSC) to look into reforming the salaries and wage structures of the entire public service...
As recent tourism statistics have shown signs of optimism, Sri Lanka is well on track to attract a record 2.5 million tourists by...
The Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy said yesterday he was optimistic that pressure on Sri...
The government which is in the process of amending the Microfinance Act is planning to make the Act compulsory on all...
Sri Lanka’s newly launched five-year National Export Strategy (NES), a public-private collaboration aimed at raising export...
The Government is skeptical of fully disclosing the cost-reflective fuel price formula under the current monthly revision due to...
The Government will inaugurate its rapid rural infrastructure investment scheme – ‘Gamperaliya’ today with the commencement of...
The decision on whether to revise fuel prices of State-owned fuel retailer, Ceylon Petroleum Corporation (CPC) based on the...
Announcing new reforms for Sri Lankan cooperatives, President Maithripala Sirisena yesterday (07) said all employees of...
Amidst rumblings by certain quarters over Sri Lanka’s recently signed Free-Trade Agreement (FTA) with Singapore, the chief of the...
The Governor of the Central Bank of Sri Lanka, Dr.Indrajit Coomaraswamy says, the current arrangement with the International...
Sri Lanka should not overlook the basics of first generation reforms such as macroeconomic stability, having more competition...
With the new tax structure raising many eyebrows amongst a section of the country’s taxpayers, the Governor of the Central Bank...
Newly sworn-in Member of Parliament, Dr. S. M. Ismail yesterday vowed to respond to the accusations levelled against him by...
The application for the incorporation of Mihin Lanka (Private) Limited as a private entity had been submitted by Former Secretary...
Popular social media network, Facebook which recently attracted a barrage of criticism following a bout of anti-minority violence...
The Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy speaking to the Sunday Observer said he is hopeful the...
Sri Lanka’s former-war wrecked Northern region is witnessing signs of economic resurgence with greater political will being...
In war-affected North and East :
Government decision to finalize a deal with a consortium of UN agencies and Non-Governmental Organizations to build 50,000...
The incidence of Non-Communicable Diseases (NCDs) is higher in urban areas at 18.6 percent of households, with the highest...
Colombo Mayor Rosy Senanayake said she is in consultation with legal experts to explore the possibility of revoking an agreement...
Sri Lanka has the potential to accelerate its economic growth by creating access to know-how through liberalised immigration...
Popular social media platform, Facebook plans to work with independent third-party fact checkers in Sri Lanka to stem the...
The Central Bank on Friday vowed to take strong action against manipulators in the foreign exchange market given that the recent...
Sri Lanka’s Internet connections have increased substantially by 20 percent in 2017 and this rapid growth was mainly supported by...